Boeing (BA) is attempting a short-term bounce after a sharp downtrend from its February highs, but the broader structure still favors sellers. Price remains well below prior support levels, now acting as resistance, indicating continued bearish pressure.

The recent uptick in %B shows price pushing off the lower Bollinger Band, suggesting a relief rally rather than a confirmed reversal. Meanwhile, the Chaikin Oscillator is turning higher, signaling improving short-term money flow, but not yet strong enough to shift the overall trend. Unless BA can reclaim the $220–225 area with conviction, rallies may continue to be sold into.

Wishing you the best,

Wendy